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Emotional Trading

marindateal
Oct 08 2021 at 11:16
53 príspevkov
Emotions are natural and one can never control them. What a trader can do to avoid emotional trading is to stop reacting to the points that trigger their emotions, for example when a trader faces a loss. If a trader does not react to such circumstances it is highly unlikely for them to fall into the emotional trading trap.
HeavenLeighGill (HeavLeighGill26)
Oct 12 2021 at 17:01
401 príspevkov
Sorry to hear about the bad luck! I think it's normal to feel some emotion while trading but the important thing is to manage it and not allow it to affect your trading plan. If you need to, step away and take a breather when this sort of thing happens or do something that makes you feel relaxed, then come back with a clear head.
Kanakord
Oct 12 2021 at 19:24
10 príspevkov
The only thing for you to recover your trading is to analyse your past mistakes. Otherwise, you are going to make the same mistakes in the future and the outcome will be the same. That is why I support the idea of having a trading diary where you can write all your thoughts which made you make this or that decision. It is a very nice tool to trak down your own trading strategy and its downsides.
SteveHanks
Oct 12 2021 at 20:08
536 príspevkov
Unellene posted:
emotions are such a moment that can bring both benefit and failure, all the same decisions are made with emotions different than under normal conditions
Emotion is very dangerous in this market. You have to make proper plan.
Tradextol
Oct 14 2021 at 04:12
57 príspevkov
Emotions can be an issue in forex trading. Whether you are a novice trader or an experienced one, we all must face emotions that will affect our trading. So always keep your emotions in check when trading because they can overwhelm you at any time.
CraigMcG2020
Oct 14 2021 at 06:58
399 príspevkov
SteveHanks posted:
Unellene posted:
emotions are such a moment that can bring both benefit and failure, all the same decisions are made with emotions different than under normal conditions
Emotion is very dangerous in this market. You have to make proper plan.

It really is a plan is so key as it literally just gives you a process to follow. That is key in keeping emotions at bay. The better the plan the more objectivity i find :)
Seb King (sebking1986)
Oct 14 2021 at 12:01
538 príspevkov
CraigMcG2020 posted:
SteveHanks posted:
Unellene posted:
emotions are such a moment that can bring both benefit and failure, all the same decisions are made with emotions different than under normal conditions
Emotion is very dangerous in this market. You have to make proper plan.

It really is a plan is so key as it literally just gives you a process to follow. That is key in keeping emotions at bay. The better the plan the more objectivity i find :)
I also personally find solace in statistics. If I know my plan has a statistical edge then I know I just need to stick to it regardless of the situation and over time I will come good.
If you can't spot the liquidity then you are the liquidity.
Treeny
Oct 14 2021 at 16:10
213 príspevkov
Yep, stats don't lie if the sample is big enough
Fredriksen
Oct 15 2021 at 19:38
9 príspevkov
The only way for you to recover from your losses is to learn lessons from this experience. You should analyse your trading and decision making process thoroughly in order to find the exact mistakes which led to the losses. Otherwise, you will repeat your mistakes and you will have the same trading results.
UweMoench
Nov 06 2021 at 11:56
751 príspevkov
@Unellene Yes trading out of emotions is not good. Most of time we make mistake in emotions. During trading one should be very logical and analytical.
Williamfreed
Nov 11 2021 at 10:44
176 príspevkov
Emotions play an important role in our lives. This is true everywhere, but particularly in forex trading. We will not be able to handle forex business if we avoid its influence. That is why we should demo trade and trade in real time to reduce the emotion. Do you agree?
Williamfreed
Nov 11 2021 at 10:47
176 príspevkov
Trading forex is only possible for a very small number of people. The success of top forex traders shows that you can get rich trading forex. You will lose money even if you are a successful trader, but if you can consistently turn a profit, you will be well on your way to success.
Seb King (sebking1986)
Nov 11 2021 at 11:46
538 príspevkov
I also think that emotions are what make us human. To not have them is unreasonable. But they MUST be controlled when trading. That is the biggest task most traders will face. Especially when the markets will brutally lay out your weaknesses in front of you. Most people react badly to that.
If you can't spot the liquidity then you are the liquidity.
shortant
Nov 16 2021 at 08:01
73 príspevkov
Forex traders are ultimately responsible for their own success or failure in the market. A trader should avoid emotions while trading and keep a clear mind. To be a successful trader, a trader should develop discipline and patience to stay objective toward their own success.
Tradelist45
Nov 18 2021 at 07:00
327 príspevkov
emotions really a bad habit in trading life , when you make a trade by emotions
of course it could be dangerous. so we the traders should more careful about emotional trading.
winning_trades
Nov 18 2021 at 10:45
48 príspevkov
It's tough to control emotions as our mind is filled with the lot of things that are directly linked to us and trading is just a small part of it.
SteveHanks
Nov 21 2021 at 19:17
536 príspevkov
winning_trades posted:
It's tough to control emotions as our mind is filled with the lot of things that are directly linked to us and trading is just a small part of it.
Emotion can put you in great danger.
UweMoench
Jan 16 2022 at 06:28
751 príspevkov
SteveHanks posted:
winning_trades posted:
It's tough to control emotions as our mind is filled with the lot of things that are directly linked to us and trading is just a small part of it.
Emotion can put you in great danger.
Absolutely right. Emotional attachment is a major problem when it comes to trading. It can cause traders to make a mistake
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